Loans too risky?

[Sled]

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624

Yes, Loans too risky? because you have no risk no gain. wherever loans created huge risk for you.

No risk no gain is not applicable in all types of business that has a risk because loaning is one of the risky business available here and if you are making a loaning business in the internet then it is sure the riskiest business available because you cannot tell if you are going to get pay backs from your customers because there is a lot of people who are wise and they take advantage of kind people to scam them and ran away with the scammed money.

[1714049410]

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[1714049410]

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[bitllionaire]

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624

Yes, Loans too risky? because you have no risk no gain. wherever loans created huge risk for you.

No risk no gain is not applicable in all types of business that has a risk because loaning is one of the risky business available here and if you are making a loaning business in the internet then it is sure the riskiest business available because you cannot tell if you are going to get pay backs from your customers because there is a lot of people who are wise and they take advantage of kind people to scam them and ran away with the scammed money.

i think there is so thing different between risk and take a bling decision, for example if a am sure that if a person will take loan from me then  may not be in position to collect the loan from him, then why should i give him loan. that is really a blind decision.

[Reid]

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624

Yes, Loans too risky? because you have no risk no gain. wherever loans created huge risk for you.

No risk no gain is not applicable in all types of business that has a risk because loaning is one of the risky business available here and if you are making a loaning business in the internet then it is sure the riskiest business available because you cannot tell if you are going to get pay backs from your customers because there is a lot of people who are wise and they take advantage of kind people to scam them and ran away with the scammed money.

i think there is so thing different between risk and take a bling decision, for example if a am sure that if a person will take loan from me then  may not be in position to collect the loan from him, then why should i give him loan. that is really a blind decision.

That is why there is collateral or it could be an escrow.
There are many different of things of how a collateral could be.
A thing could be first but it should almost equal the value of the money that was given.
I have done this before but just with friends who I am really connected to avoid the possibility of a scam or a runaway borrower.
Less risk and friends will be happy about it. I just put a little percentage for profit.

[Ctn]

So you might be having big stock of bitcoins with you by now as you bought them at as low as $0.07. Thats just amazing price you bought at. I don’t think you should go for loans with such coins. You just keep them as it is and yes of course your advisor said pretty decent fact that it will go up even more in the 5 years. After this period it would be even four times the current value leading you to profits that you may never had dreamt of. Also, you have already made profits by buying these coins at 0.07 bucks. You have made 2500 times what you had invested. Thats just cool.

[syaripudin]

Giving the loan is very risky if there is no grace given, so if you want to give a loan try to ask for a compliment so there is no regrets in the future why I say so because it could be the person we give the loan can not return it because the losses they get But it will be another story if we get our companions will not get a loss even if the person who borrowed can not return it

[Mandoy]

Giving the loan is very risky if there is no grace given, so if you want to give a loan try to ask for a compliment so there is no regrets in the future why I say so because it could be the person we give the loan can not return it because the losses they get But it will be another story if we get our companions will not get a loss even if the person who borrowed can not return it

There are many kinds of loans. Different kinds of loans and different interest rates. Loans are not risky if it is done in emergency situations, since it could become your lifesaver when you need an immediate medical attention. Loans could also be your financial solution when you want to start a business that you are sure of that you will earn. But loans can be risky if you do not have control. If loans are made due to wants and if the person has no capacity to pay the loans. If you make a loan and you do not have the capacity to pay for it then you will resort to another loan until you are drown with it. But I see many people who have multiple loans who can still smile, though their salary is zero due to deduction from loans but as long you are working double time or having a sideline you can still move on with your life.

[kryptqnick]

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624

Yes, Loans too risky? because you have no risk no gain. wherever loans created huge risk for you.

Why anyone needs to worry about such a thing as a loan not returned. For example, loans on this forum are given by trusted members to high-ranked members. Thus, if, say, a Senior Member doesn't return the loan on time, he gets negative trust and his life on this forum is over. The same holds for a trusted member. Plus, one shouldn't loan the sum which is quite big for this person to lose it. 800 btc is a really big sum. I would suggest the OP just to buy some estate instead of loaning, though.

[Fatanut]

Why anyone needs to worry about such a thing as a loan not returned. For example, loans on this forum are given by trusted members to high-ranked members. Thus, if, say, a Senior Member doesn't return the loan on time, he gets negative trust and his life on this forum is over. The same holds for a trusted member. Plus, one shouldn't loan the sum which is quite big for this person to lose it. 800 btc is a really big sum. I would suggest the OP just to buy some estate instead of loaning, though.

And once the guy has a red trust, do you get paid? Not at all. The only thing that you have when loaning to high-ranked and trusted members is the thought that they will not runaway for that amount of money because their account is far more valuable than that. Yet, we see members here that have run away. It is yet to confirm if it was their motive from the start.

One example is mexxer-2. He used to be relevant here but now he has a red tag. He owes money from Lutpin. Lutpin certainly trusted mexxer because mexxer is a trusted member. Yet, here we are. There's another one here that's trusted but just vanished after defaulting on a loan.

You still have to consider that these people might run away and their negative trust will do nothing good to you, only bad to them. At the end of the day, you still lost money.

This guy obviously had the wrong idea about the topic of the thread. Of course loan isn't risky if you're the guy who's asking for money. It's a lot different when you're the guy giving out loans.

[Duzter]

Loans are risky, because everything happens through the internet and if something goes wrong we cannot claim it back and importantly getting the collateral and verifying it and transfering funds to escrow and then getting paid a small Interest seems waste of time. It's good to hold and grab the profit.

[Kronos21]

I am against loans. Even if you borrow proven and good man where is the guarantee that he will earn the money to repay you? That's life. Leave that to the banks. They have the ability to take collateral.

[Pattart]

Giving the loan is very risky if there is no grace given, so if you want to give a loan try to ask for a compliment so there is no regrets in the future why I say so because it could be the person we give the loan can not return it because the losses they get But it will be another story if we get our companions will not get a loss even if the person who borrowed can not return it

I think lenders already know the risk, so it would be better if you ask for collateral for everyone who wants to borrow money to you. Certainly a collateral that has a higher price. So the risk will certainly be non-existent right ?

[franco123]

When it comes to loans, may it be in Bitcoin or not, there are 5 important factors to be assessed. No matter how much hope you have in humanity, you should always remember that there are a lot of people who can not be trusted especially when it comes to wealth. Before you loan someone, remember these 5 factors, which can be easily remembered because it all starts with C. They are the basic factors when it comes to loan that you will learn in a finance class. The 5 C's are:

1) Character
2) Capital
3) Capacity
4) Collateral
5) Conditions

[franco123]

For further details, here are the definition of each.

Character- This is more on the personal information of the borrower. You need to know his or her credit history whether or not he or she has a debt in the past that was not settled.
Capital- You need to know that capital or net worth of the borrower. You can ask for his income tax return in order to see on how he or she would be able to repay you.
Capacity- You need to see one's capacity to pay. Is he has more assets than liabilities in general?
Collateral- To secure your money, you may ask for collateral or an asset that you can hold while he or she is not able to repay yet. That collateral becomes yours when he or she will no longer settle his debt to you. Make sure that the collateral is worth more than the debt he or she borrowed.
Conditions- These are the external factors (Economy, market etc.)

[aldrian09]

Yes loan is risky and I don't advice it not unless you badly need the money but you have to make sure that you can afford to pay the amount of money you will loan plus the interest.

[megynacuna]

Yes loan is risky and I don't advice it not unless you badly need the money but you have to make sure that you can afford to pay the amount of money you will loan plus the interest.

Of course loans are risky especially if you don't have a complete plan for its application and servicing, there are people who borrow out of the blue without having the need for it especially gamblers and such loans are too risky because you have no plans to service it and might be an incurred deficit in the long run.

[wantjokull]

Yeah i wouldn't choose that option for earning more bitcoin. Just imagine in real world people get you abused by not fulfilling the requirement of loans then how one can successfully trade the loan over the Internet to a anonymous person.  Thats even dangerous to think of, putting your money into someone's pocket.  Hope you will do it carefully. 

[Hydrogen]

What makes loans difficult is, there are lots of websites that sell fake ID's. Verifying the identity of a person can be hard.

Collateral is also difficult to come by. I think banks have a system of background and credit checks they use to authenticate loans. There's no equivalent for crypto which makes things tough.

[Evlve]

I don't think you can use a personal loan on anything other than Bitcoin without committing fraud. They have the little caveat that you can't invest the money into securities, which is what almost all other are coins are being considered. If you lose it and default.... Have fun with that battle.

it's much safer to build up an investment roll over time

[darkangel]

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Lol I don't believe a word you say about your bitcoin holdings, no offense.  And what's up with people not returning what they borrow?  Hello, are you new to the world?  It's greed and dishonesty.  I assume you're probably not new to this forum either.

When you lend, you must anticipate risky things. A creditor may also default. But bad guys always take advantage of every loophole to get money. With bitcoin bad guys can steal your bitcoin wallet. So you should be very careful about risky loans.

[Fatanut]

What makes loans difficult is, there are lots of websites that sell fake ID's. Verifying the identity of a person can be hard.

People get scammed on the Internet just for uploading their personal ID. Most times when you're going to place an Ad on Facebook, the customers ask for your ID so they can verify that it's actually you on your profile. But some people ask for ID so they can use that same ID to do things on the Internet. It's just recently when this happened to someone and was on the news.

Some websites do require for the owner of the ID to do a selfie holding the ID. This has stepped up the security a little bit but not all website requires this. Plus, there are still people able to bait other people into posting a picture like this. Oh well, not our problem since we don't run any loaning website.